Basic Standard for Enterprise Internal Control: New Whitepaper Outlines Key Compliance Steps

Sept. 25, 2009 - PRLog -- Vast Talent today announced that it has launched a new white paper to help companies in China start complying with the Basic Standard for Enterprise Internal Control (also known as “China SOX” or “C-SOX”).   The white paper, A Process for China SOX Compliance Success, can be downloaded from Vast Talent’s website free of charge.  Vast Talent is the only company to offer a targeted compliance suite for China’s Basic Standard for Enterprise Internal Control.

China SOX was issued by the Ministry of Finance, China Securities Regulatory Commission, the National Audit Office, China Banking Regulatory Commission and China Insurance Regulatory Commission, and will strengthen internal controls and corporate governance in Chinese companies, reducing risks for companies and their stakeholders.
The Basic Standard for Enterprise Internal Control requires Chinese companies to define and implement internal controls, conduct assessments of these controls, publish an annual evaluation report and hire qualified auditors to review the effectiveness of their internal controls.  China SOX will apply to thousands of private and state-owned companies in China.

Alex Raymond, Founder and CEO of Vast Talent, commented:  “In these times of uncertainty, risk management is high on the agenda for most companies.  China SOX will make Chinese companies more transparent and accountable, and reduce risk in the marketplace.  Vast Talent’s dedicated software suite makes compliance with China SOX straightforward and effective.  And our series of whitepapers explains to customers in clear language how to deal with this new regulation.”

To download your copy of A Process for China SOX Compliance Success, please visit http://www.vast-talent.com/en/compliance_solution_for_chi...

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Vast Talent is the only company that has a specialized compliance tool for China SOX. The company offers software, services and consulting to help companies comply with the requirements of China’s Basic Standard for Enterprise Internal Control.

Vast Talent was founded in 2008 and has offices in Hong Kong and Beijing.